Optimization can be achieved using either of two techniques of cost-benefit analysis. Which of the following correctly identifies the techniques?
A) Optimization in levels and optimization in programs
B) Optimization in levels and optimization in differences
C) Optimization in programs and optimization in frames
D) Optimization in differences and optimization in frames
B
You might also like to view...
Suppose the money supply grows at an annual rate of 10%, real GDP grows at 4%, the growth rate of velocity is 0%, and the expected real interest rate on Aaa corporate bonds averages 5.5%
Use the Fisher equation to determine the nominal interest rate on Aaa bonds. What will happen to the nominal interest rate in the long run if the growth rate of the money supply decreases to 7%?
Autoregressive distributed lag models include
A) current and lagged values of the error term. B) lags of the dependent variable, and lagged values of additional predictor variables. C) current and lagged values of the residuals. D) lags and leads of the dependent variable.
In? long-run equilibrium, the perfectly competitive firm will
A) go out of business.
B) produce to the point at which marginal cost is at its minimum.
C) produce to the point at which marginal cost equals average total cost.
D) produce on the upward sloping portion of its ATC curve.
Recessionary gaps are associated with output below potential and high unemployment rates.
Answer the following statement true (T) or false (F)